Shadd Dales and Anthony Varrell opened Monday’s Trade to Black, presented by Flowhub, with our thoughts on a late-Friday update from Trulieve (NYSE: TRLV) CEO Kim Rivers confirming that she had officially terminated the Automatic Securities Disposition Plan she put in place back in March. The guys also get into a new bill out of New Jersey that would allow liquor stores and certain ABC‑licensed bars to sell low‑dose THC beverages — up to 10mg THC per can. Then Michael Bronstein, President of the American Trade Association for Cannabis & Hemp, joins us for his Monday segment as we tee up Day One of the ALJ hearing.
Truelieve’s Kim Rivers says she officially terminated the Automatic Securities Disposition Plan she put in place back in March. The plan became public right after Trulieve began trading on the New York Stock Exchange. Late Friday, she posted that it’s now ended. The hosts walked through why the timing stands out and discussed what the termination might signal about Rivers’ confidence in the company’s trajectory.
Before bringing in their main guest, the hosts discussed a new bill out of New Jersey that would allow liquor stores and certain ABC-licensed bars to sell low-dose THC beverages capped at ten milligrams per can. The bill also extends hemp beverage rules through November 13, 2026 and updates display and serving-size guidelines.
The main segment featured Michael Bronstein, President of the American Trade Association for Cannabis & Hemp, joining to tee up Day One of the ALJ hearing in Arlington, Virginia. Bronstein laid out what the industry should actually be paying attention to as the proceedings got underway — including how the hearing is structured, what each party is permitted to present, and why the government’s opening posture matters so much for the weeks ahead. He highlighted the significance of DEA counsel stating clearly that this hearing is specifically about rescheduling cannabis to Schedule III and not about adult use or recreational legalization, and noted the landmark nature of the United States government formally stating in a legal proceeding that cannabis is safer than alcohol — a position grounding the government’s defense in the same scientific record established by the HHS report.
Be sure to hear our thoughts.
